THAILAND’S central bank and the finance ministry will soon meet to discuss the baht after it tumbled to the lowest in nearly 16 years, signalling growing concerns among officials that the currency slump can threaten a tepid recovery and stoke inflation. The ministry and Bank of Thailand (BOT) will discuss the baht’s weakness as the […]
Read MoreManufacturers of sugary drinks have been given more time to adjust their recipes after the government pushed back the latest hike in the excise levy for another six months. Finance Minister Arkhom Termpittayapaisith said the cabinet on Tuesday agreed to postpone the planned increase in the excise tax on sugar-based sweeteners to March 31, 2023, from […]
Read MoreThailand is one of the first countries in Asia to see tourism rebound from the pandemic, driven by positive signals from both foreign and domestic travellers, according to Agoda. “Thailand is leading Asia in terms of inbound tourists, but it has not yet reached 2019 levels,” said Omri Morgenshtern, chief executive of Agoda, an Asia-focused online […]
Read MoreSpending at this year’s annual vegetarian festival, scheduled to run from Sept 26 to Oct 4, is expected to improve compared with tepid spending in 2021, when the pandemic was still raging. According to the latest survey by the University of the Thai Chamber of Commerce (UTCC), spending during the festival is expected to increase […]
Read MoreKrungthai Compass, a research unit under Krungthai Bank, expects the minimum wage increase to reduce the number of poor workers, improve their income, and broadly support long-term Thai economic growth. The proportion of low-income labourers who live below the country’s poverty line, earning 2,726 baht per head per month under the National Economic and Social Development Council’s […]
Read MoreThai steel manufacturers are planning to increase their domestic prices following a rise in operational costs, from raw material prices and electricity bills to the higher daily minimum wage. The fuel tariff increase has caused steel producers’ power bills to rise by about 50%, said Pravit Horrungruang, adviser to the EAF Long Product Steel Producers Association. […]
Read More
Thailand
